Continue to site >
Trending ETFs

ASYMmetric Smart Income ETF

ETF
MORE
Payout Change
Pending
Price as of:
$22.3348 +0.19 +0.84%
primary theme
N/A
MORE (ETF)

ASYMmetric Smart Income ETF

Payout Change
Pending
Price as of:
$22.3348 +0.19 +0.84%
primary theme
N/A
MORE (ETF)

ASYMmetric Smart Income ETF

Payout Change
Pending
Price as of:
$22.3348 +0.19 +0.84%
primary theme
N/A

Name

As of 10/11/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.33

$913 K

12.93%

$2.89

0.75%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$913 K

Holdings in Top 10

101.4%

52 WEEK LOW AND HIGH

$22.1
$21.17
$25.21

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 10/11/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.33

$913 K

12.93%

$2.89

0.75%

MORE - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 12.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    ASYMmetric Smart Income ETF
  • Fund Family Name
    N/A
  • Inception Date
    Feb 01, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund employs a passive management or indexing investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is based on proprietary ASYMmetric Risk Management Technology developed and maintained by ASYMmetric Investment Solutions, LLC (the “Index Provider”), an affiliate of ASYMmetric ETFs, LLC, the Fund’s investment adviser (the “Adviser”).
The Index is a rules-based, quantitative strategy that seeks to generate higher income and better performance than the S&P 500® Total Return Index (“S&P 500 Index”) with less risk.
The Index is powered by the Index Provider’s ASYMmetric Risk Management Technology, which relies on mathematical formulas to dynamically manage the Index’s exposure in two market risk environments:
Risk-On: Market prices are trending up, which is termed a “Risk-On” market environment;
Risk-Off: Market prices are trending down, which is termed a “Risk-Off” market environment.
The ASYMmetric Risk Management Technology is designed to dynamically manage, as of each monthly Index rebalancing and reconstitution date, the Index’s exposure to high income producing asset classes to:
Generate high quality income from high income producing asset classes that are in a bull market;
Secure income and principle by allocating away from high income producing asset classes that are in a bear market; and
Protect capital when all high income producing assets classes are in a bear market, by being invested in U.S. treasuries, if treasuries are in a bull market or in the safety of cash, if no bull markets currently exist.
A bull market is typically characterized by a period of material increase in the overall U.S. stock market, and a bear market is typically characterized by a period of material decrease in the overall U.S. stock market.
The Index employs a tactical allocation strategy by allocating to (i) high income equity asset classes, including Master Limited Partnerships (“MLPs”), Real Estate Investment Trusts (“REITs”), and utilities (together, the “Equities”), and (ii) fixed income securities. When the Index allocates to Equities, the Fund will invest principally in individual securities that provide exposure to MLPs, REITs, and utilities or directly in U.S. equity securities of those asset classes. The Fund may also invest directly in Canadian equity securities of MLPs. When the Index allocates to fixed income asset classes, the Fund may invest in U.S. Treasury securities (e.g., 30-Year U.S. Treasury bonds, 10-Year U.S. Treasury notes, or U.S. Treasury bills) or cash.
The Index screens MLPs, REITs, and the utilities sector (as designated by the Global Industry Classification Standard (“GICS”)) to determine whether any of these asset classes are in a bull market. The Index allocates to each the three high income equity asset classes if the market risk environment for that asset class is Risk-On, as determined in accordance with the Price Momentum Indicator described below.
Price Indicator Determination of Market Risk Environments. Market risk environments are quantitatively determined by a proprietary price-based indicator that measures, monitors and quantifies market risk. This indicator is called the “Price Momentum Indicator.”
The Price Momentum Indicator is driven by the 200-business day moving average of the relevant asset class. The Price Momentum Indicator is designed to identify historical market price trends (up or down).
The output of the Price Momentum Indicator is used to classify, on a monthly basis, as in either Risk-On or Risk-Off market environment, as outlined in the table below. The market is in a Risk-On environment when the market is trending up, above its 200-business day moving average. The market is in a Risk-Off environment when the market is trending down, below its 200-business day moving average.
Equity
Price Momentum
Indicator
Indicated
Market Risk Environment
Market Trending Up
Risk-On (Bull Market)
Market Trending Down
Risk-Off (Bear Market)
Portfolio Exposure. The Index screens the MLP, REIT, and utility markets to determine their current market risk environments. If all three high income equity asset classes are in a Risk-On environment, then the Index allocates equally (33.3%) to each. If two are in a Risk-On environment, then the Index allocates equally (50%) to each. If only one is in a Risk-On environment, then the Index allocates entirely (100%) to that asset class.
High Income Equity Risk Environments & Equity Exposure
Asset Classes MLPs REITs Utilities
Risk-On (Three) 33% 33% 33%
Risk-On (Two) 50% 0% 50%
Risk-On (One) 100% 0% 0%
Fixed Income Matrix. If all high income equity asset classes are Risk-Off (in a bear market), the Index screens fixed income segments to determine if any are Risk-On. If any fixed income asset class is Risk-On, then the Index allocates 100% to the fixed income asset class with the highest yield, as shown in the table below. If all fixed income segments are Risk-Off (in a bear market), then the Index allocates 100% to cash or cash equivalents (which include U.S. Treasury bills or notes having less than three months to maturity or money market funds invested in such U.S. Treasuries). The Price Momentum Indicator described above uses the 200-business day moving average of yields to determine which U.S. Treasuries markets, if any, are in a Risk-On market environment. If yields are falling below the 200-business day average, then the Price Momentum Indicator indicates a Risk-On environment.
Fixed IncomeRisk Environments & Fixed Exposure
Segment 30-Year U.S. Treasury 10-Year U.S. Treasury Treasury Bills
Bull Market Yes Yes Yes
Yield 5% 4% 3%
Highest Yield Yes No No
Exposure 100% 0% 0%
The output of the Price Momentum Indicator is used to classify monthly U.S. Treasuries markets as in either a Risk-On or Risk-Off market environment, as outlined in the table below.
Fixed Income
Price Momentum
Indicator
Indicated
Market Risk Environment
Yields Trending Down (below 200-business day average yield)
Risk-On (Bull Market)
Yields Trending Up (above 200-business day average yield)
Risk-Off (Bear Market)
Under normal market conditions, the Fund will invest at least 80% of its total assets in securities and cash included in the ASYMmetric Smart Income Index. To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index.
The Index was developed by the Index Provider, ASYMmetric Investment Solutions, LLC, an affiliate of the Adviser. The Index Calculation Agent is Solactive AG, which is not affiliated with the Index Provider, the Fund, the Adviser or the Fund’s sub-adviser, Toroso Investments, LLC (the “Subadviser”). The Index Calculation Agent provides information to the Fund about the constituents of the Index and does not provide investment advice with respect to the desirability of investing in, purchasing or selling securities.
As of December 31, 2022, the Index was comprised of 65 components.
Read More

MORE - Performance

Return Ranking - Trailing

Period MORE Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period MORE Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period MORE Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period MORE Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

MORE - Holdings

Concentration Analysis

MORE Category Low Category High MORE % Rank
Net Assets 913 K N/A N/A N/A
Number of Holdings 2 N/A N/A N/A
Net Assets in Top 10 694 K N/A N/A N/A
Weighting of Top 10 101.44% N/A N/A N/A

Top 10 Holdings

  1. United States Treasury Note/Bond 99.34%
  2. U.S. Bank Money Market Deposit Account 2.10%

Asset Allocation

Weighting Return Low Return High MORE % Rank
Bonds
99.34% N/A N/A N/A
Cash
2.10% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High MORE % Rank
Cash & Equivalents
2.10% N/A N/A N/A
Derivative
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High MORE % Rank
US
99.34% N/A N/A N/A
Non US
0.00% N/A N/A N/A

MORE - Expenses

Operational Fees

MORE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% N/A N/A N/A
Management Fee 0.75% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

MORE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

MORE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MORE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

MORE - Distributions

Dividend Yield Analysis

MORE Category Low Category High MORE % Rank
Dividend Yield 12.93% N/A N/A N/A

Dividend Distribution Analysis

MORE Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

MORE Category Low Category High MORE % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

MORE Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

MORE - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A